Forecast for GBP/USD on September 13, 2021

GBP/USD

On the daily chart, the price settled above the red balance indicator line and the Marlin Oscillator settled in the upward trend zone. Most likely, the price will continue to grow towards the target of 1.3930 - to the nearest embedded line of the price channel of the weekly timeframe. This channel starts in March 2020.

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On the four-hour chart, the price is currently declining, but it is still above the balance and MACD indicator lines. The Marlin Oscillator in the territory of a growing trend, slows down the decline. We are waiting for further price movement towards the first target of 1.3930.

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The material has been provided by InstaForex Company - www.instaforex.com

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